601 Loyola Ave - Freestanding FOR SALE


New Orleans, LA 70113
$8,500,000 USD
949-221-1835
601 Loyola Ave, New Orleans, LA for Sale
$8,500,000 USD
Freestanding - FOR SALE
1/2
null | 5.41% Cap Rate

601 Loyola Ave
New Orleans, LA 70113


HIGHLIGHTS

  • Single Tenant Convention Center Managed By the Hyatt Regency Hotel
  • 50-Year Absolute NNN Lease with Approximately (40) Years Remaining
  • Growing Income Stream with CPI Increases Starting Year 6 and Every 5th Year Thereafter
  • Mission Critical Building to the Hyatt Regency Hotel and Convention Center
  • Strategic Central Business District Location with Strong Hotel Demand and Entertainment Hub
  • Centrally Located Near the Interstate 10 Freeway And U.S. Hwy. 90 Interchange | Infill New Orleans Demographics

OVERVIEW

BROKER OF RECORD - Steven R Reisig, CCIM - Partner/Sponsoring Broker - License No. 14916A. Single Tenant Convention Center Managed By the Hyatt Regency Hotel 50-Year Absolute NNN Lease with Approximately (40) Years Remaining Growing Income Stream with CPI Increases Starting Year 6 and Every 5th Year Thereafter Mission Critical Building to the Hyatt Regency Hotel and Convention Center Strategic Central Business District Location with Strong Hotel Demand and Entertainment Hub Centrally Located Near the Interstate 10 Freeway And U.S. Hwy. 90 Interchange Infill New Orleans Demographics 5-Mile: Estimated Population 364,108 / AHHI $83,411 / Daytime Population 214,640 Growing Income Stream with CPI Increases Louisiana Broker of Record - Steven R. Reisig, CCIM, License No. 14916A

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$359 USD /SF

CAP RATE

5.41%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STNL Hyatt Regency Convention Center | NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Supermarket, Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,309 SF

ZONING

CBD-4

APN/PARCEL ID

41030820

ASK ABOUT THIS PROPERTY

Scott DeYoungFaris Lee InvestmentsMore Info
949-221-1835

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Scott DeYoungFaris Lee InvestmentsMore Info
949-221-1835

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.